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EchoStar Could Buy Sirius XM
February 6, 2009
From News
EchoStar Corp. has bought up "a substantial portion" of Sirius
XM Satellite Radio's soon-to-mature debt, in what could turn into an attempt to take over the company, the Wall Street Journal reported Thursday.
Satellite Radio Coming to iPhone
February 3, 2009
From News
Sirius
XM Satellite Radio is on its way to the iPhone. According to the Web site CrunchGear, an application called the uSirius StarPlayr has been submitted to Apple's App Store, and should be available by the end of the month.
Sirius XM “Station Merger” Set For Wednesday
November 2008
From News
Their corporate merger closed last week, but the actual on-air merger of Sirius and
XM Satellite Radio will begin this Wednesday. That’s according to a report by the Rock Daily blog on Rolling Stone magazine’s Web site. The merge will not be total at first, but certain personalities from Sirius will become available on XM, and vice versa. The official new lineup has not yet been announced.
Sirius XM Facing Over $1 Billion in Debt
October 2008
From News
Fresh off the approval of its merger, Sirius XM Radio is facing another big challenge: an extraordinarily large debt. The combined satellite radio firm will have $1 billion in debt next year, BusinessWeek reported. This is is among the company’s woes, which also includes a tanking stock price and a faltering overall economy that has consumers skimping on extra accessories in their cars and elsewhere. CEO Mel Karmazin told the magazine that the company will find a way to find necessary funding, and will avoid bankruptcy.
Satellite Milestone: Sirius Adds Some XM Channels
October 2008
From News
For the first time since the closing of the satellite radio merger this summer, subscribers of Sirius Satellite Radio can now receive some XM channels, and vice versa. According to Reuters, Sirius subscribers who pay $17 a month will now have access to Oprah Winfrey’s channel, as well as basketball and hockey broadcasts. Meanwhile, erstwhile XM subscribers can now hear Howard Stern for a slightly higher fee. However, full access to both services will have to wait until next year. For more information, visit www.sirius.com/bestofxm
XM/Sirius Dual-Mode Radios Delayed
August 2008
From News
While the merger between XM and Sirius has been approved, those hoping to take advantage of programming options from both services will have to wait until next year for a dual-mode device to become available, Fortune magazine reported Friday. The reason for the delay is that the companies and those that work with them were unable to work on a dual receiver, on the chance that the merger had been rejected. The news came from CEO Mel Karmazin in a call with analysts Thursday; it had been presumed by most observers that the dual receivers would be available sooner, perhaps prior to the
Merger Complete, Company Now Sirius XM Radio Inc.
July 2008
From News
The merger of satellite radio companies XM and Sirius Satellite Radio was officially closed on Tuesday, with the combined company now taking the name “Sirius XM Radio, Inc.” The new company, as expected, will be based in New York, and Sirius CEO Mel Karmazin will lead the combined firm. According to the Associated Press, the combined company almost immediately faced questions from shareholders who question whether it can handle its more than $3 billion in debt, leading to a stock drop on Tuesday.
XM/Sirius Merger Gains Final Approval
July 2008
From News
At last putting an end to a regularly process that lasted well over a year, the Federal Communications Commission on Friday gave final approval to the merger between satellite radio companies XM and Sirius, the Associated Press reported. The approval, which came by a 3-2 party-line vote, took place after the companies agreed to settle past fines of more than $20 million. Did you think the merger would be approved? Talk about it in the E-Gear forums.